![[Bitop Review] TSMC Leads Chip Stocks Higher, Bitcoin Pulls Back to 95K](/api/image-proxy?url=https%3A%2F%2Facademy-public.coinmarketcap.com%2Fsrd-optimized-uploads%2F2b241ce18fc24889bb68fcada00022ab.png)
US stocks experienced a rebound, with TSMC's financial guidance providing a significant bullish catalyst that propelled chip stocks higher. Bank stocks also demonstrated strong performance. Meanwhile, Bitcoin (BTC) saw a retracement from the $97,000 mark, settling just above $95,000. In a separate development, X (formerly Twitter) updated its API policy to prohibit all "post-to-earn" applications and subsequently revoked related API access, leading to a sharp decline of over 20% in tokens such as Kaito and Cookie.
TSMC Leads Chip Stocks, Bank Stocks Rise on Earnings Boost
The stock market rally was spearheaded by chip stocks, with Taiwan Semiconductor Manufacturing Company (TSMC) playing a pivotal role. TSMC reported another quarter of record-breaking performance and projected that its capital expenditures for 2026 would increase to a range between $52 billion and $56 billion. This outlook underscores the world's largest contract chipmaker's strong confidence in its ongoing investments in AI infrastructure. Following this positive news, TSMC's stock price surged by more than 4%, reaching a new all-time high.
Bank stocks also saw an upward trend, buoyed by the latest series of quarterly earnings reports. Goldman Sachs announced Q4 profits that exceeded Wall Street's expectations, which contributed to a more than 4% increase in its stock price. Morgan Stanley's shares jumped by nearly 6%, driven by revenue and profit figures that surpassed expectations within its wealth management division. Both of these stocks reached 52-week highs.
Recent economic indicators further suggest a resilient labor market. The initial jobless claims for the week ending January 10 were reported at 198,000, which is lower than the 215,000 anticipated by economists.
Bitcoin Pulls Back to 95K, X Ban Impacts InfoFi
Over the past 24 hours, the cryptocurrency market experienced a decline of 1.64%, with spot selling pressure intensifying following recent gains. Bitcoin demonstrated relatively stronger performance in contrast to the weakness observed in altcoins.
X implemented an updated API policy that bans all applications categorized as "reward posting" types and revoked their associated API access permissions. This strategic move directly affects Social Financial (SocialFi/InfoFi) projects that depend on the X platform. Consequently, cryptocurrencies such as Kaito and Cookie experienced a drop of over 20%.
Bitcoin (BTC) retreated from the $97,000 level to above $95,000, influenced by the downturn in altcoins. This has led to a rise in Bitcoin dominance to 59.1%. After a slump in the fourth quarter of 2025, funds are reportedly flowing back into Bitcoin through spot ETF channels at an impressive rate. Data indicates that recent Bitcoin spot ETFs recorded their largest single-day inflow since the market crash last year, reaching $753 million. This influx reflects a restoration of market confidence. The Fear and Greed Index has climbed back to 54, nearing the lower boundary of the "greed" territory.